README file for the reproduction of the results in �Regulatory Reform and Productivity Change in Indian Banking� 
by B. Casu, A. Ferrari and T. Zhao

Excel File RAW DATA 
�	Original data: the original full set of inputs and outputs variables as downloaded from the Reserve Bank of India (http://www.rbi.org.in/scripts/statistics.aspx), before deflating, removing outliers, missing values and other unwanted observations.
�	Sample data: in natural logs, after removing outliers, observations with missing values and banks which had consistently less than 2 branches. Linear homogeneity in inputs prices imposed.
(Tables 1 and 2)

Stata files State, Foreign and Private: data and corresponding do-files, to reproduce the SFA estimates of Table 3 and Table A2 of WebAppendix. Stata version 12, compatible with Stata 11 and 10 (and probably earlier ones too).

Excel File SFA Divisia data
Data (divided in private, foreign and state banks) used for the calculation of the ownership-specific Divisia indexes of TFP, such as inputs and outputs shares, optimal inputs shares, elasticities measures, efficiency measures, changes over time etc. Calculations are performed using Equation (5) in Section IV B of the paper.
(SFA results of Tables 4, 7, 8, 9)

Excel File Metafrontier solver
This file contains the data and the macro for the computation of the two SFA metafrontiers. The macro is active so the results can be seen or reproduced directly in the file using Solver in Excel 2003.
(Table 5)

Excel File DEA main results
This file contains the main results of the ownership specific frontiers, the metafrontier and the Malmquist indexes obtained with DEA. The DEA calculations have been performed applying equations (1) and (2) of Section IV B to the data of RAW DATA using DEAFrontier software by Joe Zhu. 
(DEA results of Tables 3, 4 and 6 through to 9)

STATA file adf: data and do-file
These are the data used for the calculation of the ADF tests. Stata version 12, compatible with Stata 11 and 10 (and probably earlier ones too).
(Table 10)
